MicroStrategy (MSTR) is often talked about in the financial world as a company that attracts attention with its Bitcoin (BTC) purchases. However, rumors of a “blackout period” expected in January 2025 will affect the company’s Bitcoin purchasing strategy. This has led to curiosity and speculation among investors. The term “black period” refers to the period of time when public companies temporarily suspend certain activities.
Black Period and BTC Purchases in January
A popular venture capitalist suggested that MicroStrategy Chairman Michael Saylor had obstacles in issuing new convertible debt in January. This would slow down the company’s aggressive Bitcoin buying strategy. Vance Spencer made the following statement on social media platform X:
Saylor will be in the black during January and will not be able to issue new convertible debt, but should be done by the end of December and ready for altcoin season.
Some observers believe this ban stems from regulations around insider trading. While the U.S. Securities and Exchange Commission (SEC) does not ban insider trading after quarters, companies often implement such periods for ethical reasons.
Duration and Effects of the Black Period and Bitcoin Performance
It is also said that MicroStrategy’s black period may only cover intra-market (ATM) stock sales. Some analysts think that the duration of this period is exaggerated and that it will not stop Bitcoin purchases. An analyst who made a statement on the subject used the following statements:
The impact of MicroStrategy’s black periods is overrated. I’m not convinced the company will stop buying Bitcoin altogether. They may not even stop selling ATMs.
Our Bitcoin return for the quarter was 46.4%. This equates to approximately 116,940 BTC. The company’s total Bitcoin holdings are now worth $46.02 billion.
MicroStrategy Shares Rise Big
Bitcoin’s bull market this year has also positively affected MicroStrategy’s stock performance, with MSTR shares up more than 460% since the beginning of the year. This impressive growth has also led to the company being included in the NASDAQ 100 list.
Experts also state that MicroStrategy is likely to enter the S&P 500 list. In addition, such developments once again show how effective the company’s Bitcoin strategy is.
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